Merrill Edge vs Charles Schwab

	Merrill Edge	Charles Schwab
	SPECIAL OFFER $100 Bonus Offer - Learn More	SPECIAL OFFER $0 Commissions on Online Stock, ETF, and Options Trades - Learn More Read Charles Schwab Review
	Benefits and Features
Stock Trading	$0 per trade	$0 commission on U.S. stocks and ETFs
Options Trading	$0 + $0.65 per contract	$0 + $0.65 per contract
Minimum Deposit	$0	$0
Mutual Fund Trading	$0 for no load, no-transaction-fee funds ($39.95 short-term redemption fee if the fund is held less than 90 days) $19.95 for no load, transaction-fee funds	$0 for no-transaction-fee funds $49.95 for all other funds
Commission Free ETFs		2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSource™.
Broker Assisted Trades	$29.95	$25.00 service charge
Inactivity Fee	None	None
Maintenance Fee	$0	$0
Banking	Through Bank of America	Yes
Mobile App	Yes	Yes
Desktop App	Yes	Yes
Forex Trading	No
Futures Trading	No	$2.25 per contract
Customer Service	24/7	24/7
Locations	More than 2,100 Bank of America locations	300 locations
Online Community	No	Yes
Seminars	Yes	Yes
Virtual Trading	No	Yes (thinkorswim platforms)
	CreditDonkey® Reviews
Stock Trading
Options Trading
Mutual Fund Trading
Online Platform
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
Pros & Cons		Pros: Vast selection of commission-free ETFs and mutual funds 2 platforms (one for beginners and one for advanced traders) 24/7 customer service including online chat Cons: Commission costs on mutual funds outside of the commission-free funds Robo-advisor option requires a minimum investment of $5,000
Bottom Line		Good choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... Read full review
	$100 Bonus Offer $150 Bonus Offer $250 Bonus Offer	$0 Commissions on Online Stock, ETF, and Options Trades 500 Commission-Free Online and Options Trades Schwab's Referral Offer - Up to $1,000 Bonus
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Merrill Edge: Pricing information from published websites as of 08/01/2024. Charles Schwab: Pricing information from published websites as of 11/09/2024.

Articles on Charles Schwab

Charles Schwab

Charles Schwab is one of the oldest names in the world of investing. With low fees, no account minimums, and robust research tools, it's a good brokerage for all levels of investors.